Gold Barometer Signals Brighter U S Dollar Prospects
The gold barometer shows the U S dollar improving while the British pound faces renewed weakness amid currency turmoil. Analysts warn the shift is temporary and England must weather the storm as U S financial problems persist. Gold outflow has slowed. U S reserves stabilize though risks remain if deficits widen.
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GM Moves To Quash Anti-Trust Probe In Houston
General Motors filed a petition to halt a government probe by a federal grand jury in Houston. The company seeks to quash a subpoena related to its Spark Plug division, arguing the matters have already been examined by a New York City grand jury since February 1959. GM calls the move a shifting shop for an indictment.
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U S Blockade On Cuba Suggested
Former U S ambassador Robert C Hill urged the United States to impose a blockade around Fidel Castro s Cuba and seek hemispheric allies while prepared to act with military force if needed He accused State Department officials and The New York Times of aiding Castro s rise and said Communist influence was evident in Cuba June 9 1961 Washington AP reports
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